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US lawmakers give preview of oil export fight

Timothy Gardner

Reuters

U.S. lawmakers gave a preview on Thursday of a looming fight next year on lifting the ban on crude exports with supporters saying it would sustain the drilling boom and others questioning its impacts on industry and fuel prices.

In a House of Representatives hearing on the ban, Texas Republican Joe Barton said exporting oil would boost the economy, lower gas prices, and help give allies alternative oil supplies to Russia.

By some measures the United States is the world's top oil producer and Barton said the country should use that power.

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